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Side-by-side financial comparison of APPFOLIO INC (APPF) and TEXAS CAPITAL BANCSHARES INC (TCBI). Click either name above to swap in a different company.
TEXAS CAPITAL BANCSHARES INC is the larger business by last-quarter revenue ($324.0M vs $262.2M, roughly 1.2× APPFOLIO INC). TEXAS CAPITAL BANCSHARES INC runs the higher net margin — 22.8% vs 16.2%, a 6.6% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 15.5%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 10.2%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.
APPF vs TCBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $324.0M |
| Net Profit | $42.4M | $73.8M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | — |
| Net Margin | 16.2% | 22.8% |
| Revenue YoY | 20.4% | 15.5% |
| Net Profit YoY | 35.2% | 56.8% |
| EPS (diluted) | $1.18 | $1.56 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $262.2M | $324.0M | ||
| Q4 25 | $248.2M | $327.5M | ||
| Q3 25 | $249.4M | $340.4M | ||
| Q2 25 | $235.6M | $307.5M | ||
| Q1 25 | $217.7M | $280.5M | ||
| Q4 24 | $203.7M | $229.6M | ||
| Q3 24 | $205.7M | $125.3M | ||
| Q2 24 | $197.4M | $267.0M |
| Q1 26 | $42.4M | $73.8M | ||
| Q4 25 | $39.9M | $100.7M | ||
| Q3 25 | $33.6M | $105.2M | ||
| Q2 25 | $36.0M | $77.3M | ||
| Q1 25 | $31.4M | $47.0M | ||
| Q4 24 | $102.7M | $71.0M | ||
| Q3 24 | $33.0M | $-61.3M | ||
| Q2 24 | $29.7M | $41.7M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 40.4% | ||
| Q3 25 | 14.1% | 40.5% | ||
| Q2 25 | 17.2% | 33.2% | ||
| Q1 25 | 15.5% | 21.6% | ||
| Q4 24 | 11.3% | 40.7% | ||
| Q3 24 | 20.7% | -63.8% | ||
| Q2 24 | 18.3% | 21.9% |
| Q1 26 | 16.2% | 22.8% | ||
| Q4 25 | 16.1% | 30.7% | ||
| Q3 25 | 13.5% | 30.9% | ||
| Q2 25 | 15.3% | 25.2% | ||
| Q1 25 | 14.4% | 16.8% | ||
| Q4 24 | 50.4% | 30.9% | ||
| Q3 24 | 16.0% | -48.9% | ||
| Q2 24 | 15.0% | 15.6% |
| Q1 26 | $1.18 | $1.56 | ||
| Q4 25 | $1.10 | $2.11 | ||
| Q3 25 | $0.93 | $2.18 | ||
| Q2 25 | $0.99 | $1.58 | ||
| Q1 25 | $0.86 | $0.92 | ||
| Q4 24 | $2.79 | $1.43 | ||
| Q3 24 | $0.90 | $-1.41 | ||
| Q2 24 | $0.81 | $0.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $147.4M | — |
| Total DebtLower is stronger | — | $878.3M |
| Stockholders' EquityBook value | $470.2M | $3.6B |
| Total Assets | $580.6M | $33.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $76.1M | — | ||
| Q2 25 | $73.5M | — | ||
| Q1 25 | $56.9M | — | ||
| Q4 24 | $42.5M | — | ||
| Q3 24 | $62.4M | — | ||
| Q2 24 | $59.6M | — |
| Q1 26 | — | $878.3M | ||
| Q4 25 | — | $620.6M | ||
| Q3 25 | — | $620.4M | ||
| Q2 25 | — | $620.3M | ||
| Q1 25 | — | $660.5M | ||
| Q4 24 | — | $660.3M | ||
| Q3 24 | — | $660.2M | ||
| Q2 24 | — | $660.0M |
| Q1 26 | $470.2M | $3.6B | ||
| Q4 25 | $542.6M | $3.6B | ||
| Q3 25 | $498.9M | $3.6B | ||
| Q2 25 | $455.6M | $3.5B | ||
| Q1 25 | $462.1M | $3.4B | ||
| Q4 24 | $519.3M | $3.4B | ||
| Q3 24 | $412.8M | $3.4B | ||
| Q2 24 | $371.4M | $3.2B |
| Q1 26 | $580.6M | $33.5B | ||
| Q4 25 | $689.0M | $31.5B | ||
| Q3 25 | $640.5M | $32.5B | ||
| Q2 25 | $567.4M | $31.9B | ||
| Q1 25 | $564.7M | $31.4B | ||
| Q4 24 | $626.7M | $30.7B | ||
| Q3 24 | $523.3M | $31.6B | ||
| Q2 24 | $479.3M | $29.9B |
| Q1 26 | — | 0.24× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.21× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.3M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $360.2M | ||
| Q3 25 | $86.0M | $166.3M | ||
| Q2 25 | $52.6M | $63.0M | ||
| Q1 25 | $38.5M | $368.0K | ||
| Q4 24 | $36.6M | $480.1M | ||
| Q3 24 | $57.8M | $332.8M | ||
| Q2 24 | $50.9M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $347.6M | ||
| Q3 25 | $84.7M | $161.3M | ||
| Q2 25 | $52.4M | $57.5M | ||
| Q1 25 | $38.2M | $-2.0M | ||
| Q4 24 | $36.4M | $415.2M | ||
| Q3 24 | $57.4M | $317.6M | ||
| Q2 24 | $50.8M | $11.1M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 106.1% | ||
| Q3 25 | 34.0% | 47.4% | ||
| Q2 25 | 22.2% | 18.7% | ||
| Q1 25 | 17.6% | -0.7% | ||
| Q4 24 | 17.9% | 180.9% | ||
| Q3 24 | 27.9% | 253.4% | ||
| Q2 24 | 25.8% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 3.8% | ||
| Q3 25 | 0.5% | 1.5% | ||
| Q2 25 | 0.1% | 1.8% | ||
| Q1 25 | 0.1% | 0.9% | ||
| Q4 24 | 0.1% | 28.2% | ||
| Q3 24 | 0.2% | 12.1% | ||
| Q2 24 | 0.0% | 8.3% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 3.58× | ||
| Q3 25 | 2.56× | 1.58× | ||
| Q2 25 | 1.46× | 0.81× | ||
| Q1 25 | 1.23× | 0.01× | ||
| Q4 24 | 0.36× | 6.76× | ||
| Q3 24 | 1.75× | — | ||
| Q2 24 | 1.71× | 0.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPF
| Value Added Services | $164.7M | 63% |
| Subscription Services | $58.2M | 22% |
| Other | $39.3M | 15% |
TCBI
Segment breakdown not available.
